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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referencing a simpler one-page contract used in the early stages of their business. They emphasize the importance of a well-structured contract and share tools for quickly obtaining legally binding signatures. The tutorial also offers a free contract template for viewers to use, encouraging them to engage with the video through likes, comments, and subscriptions. Additionally, the speaker introduces a tool called Signaturely for efficient contract signing. Viewers can access both the template and the signature tool via provided links in the description.